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Shifting 25% of peak electricity use to off-peak hours could save $3 billion, experts say.
A New Zealand report finds shifting 25% of peak electricity demand to off-peak hours could save $3 billion in infrastructure and generation costs.
Smart appliances, automated systems, and financial incentives can help households and businesses shift usage—like charging EVs or running dishwashers at night—without disrupting daily life.
The current grid is overbuilt for short peak periods, driving up costs for all consumers.
While heavy industries face inelastic demand, smart energy management can optimize their use.
Experts urge regulatory reforms to ensure equitable benefits and avoid unnecessary spending as demand grows and electrification expands.
Cambiar el 25% del pico de uso de la electricidad a horas fuera de pico podría ahorrar $3 mil millones, dicen los expertos.